ECN 436 GATT

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Last updated 8:33 PM on 11/13/25
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8 Terms

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Article I

general most-favored-nation treatment

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Article VI

anti-dumping and countervailing duties

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Article XI

general elimination of quantitative restrictions

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Article XVI

subsidies

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Article XIX

emergency action on imports of particular products

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Article XXI

“nothing in this agreement” can prevent a party from protecting its security interests

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Article XXIV

territorial application, frontier traffic, customs unions and free-trade areas

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key provisions

  1. extend same tariffs to all trading partners that are GATT members

  2. tariffs allowed in response to unfair trade practices such as dumping

  3. should not limit quantity of imported goods and services (no quotas)

  4. should declare export subsidies provided to particular firms, sectors, or industries, article XVI, notify each other of extent of subsidies and discuss possibility of eliminating them

  5. can temporarily raise tariffs for certain products, article XIX, safeguard provision/escape clause

  6. regional trade agreements permitted, article XXIV